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3i and Royal Bank of Scotland have backed the management buy-out of Zenith Vehicle Contracts, a UK car leasing company. Andrew Cope, managing director at Zenith, led the team, which was advised by Hammonds, the legal firm, and McInnesCorporateFinance.

TA Associates, the US private equity firm, has taken a significant stake in Drive Assist UK, a replacement vehicle provider. Drive Assist was founded in 1992 and runs around 7,500 vehicles in 18 locations mainly supplying the insurance industry. Ajit Nedungadi, director at TA, will join the Drive Assist Board.

Klaus Grossman, a founding partner of PwC Munich, will join law firm Hammonds’ Munich practice. Grossman, a corporate law specialist, joins as partner in the corporate group. Grossman is Hammond’s second significant Munich hire in recent months. Nick Allen, Hammonds’ head of corporate, said further hires were planned.